oil prices
oil prices Articles
Saudi Arabia’s oil minister Ali al-Naimi said his country would act to move oil prices lower and keep them there. His comments caused a sell off in crude. His case for lower oil is not just his...
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Before you panic about inflation in this reading, you might want to consider that many commodity prices have already backed off in recent days. Still, the reading for commodity import prices rose...
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The rise of “green” initiatives may finally have begun to help the U.S. economy. New Bureau of Labors statistics claim that 3.1 million Americans were employed in green jobs in 2010. The agency...
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Today’s falling crude prices are having an impact on stocks in the oil field services companies today. Schlumberger Ltd. (NYSE: SLB), Halliburton Co. (NYSE: HAL), Baker Hughes Inc. (NYSE: BHI),...
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The proposed 1,700-mile Keystone XL pipeline will not make the US more energy independent nor will it lower gasoline prices. If anything, the pipeline from western Canada’s oil sands to the US Gulf...
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The first of the big oil field services to report quarterly earnings is also the largest: Schlumberger Ltd. For the full fiscal year, the company reported revenue of $39.54 billion and diluted,...
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At a meeting in mid-December, members of the Organization of Petroleum Exporting Countries (OPEC) agreed on a new production level of 30 million barrels/day. The 12-member cartel has already exceeded...
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Brent crude prices will average over $110 a barrel in 2011. Reuters reports that will beat the 2008 record of approximately $100. It is difficult to say how to take the news. The causes of high oil...
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The Organization of the Petroleum Exporting Countries probably intends to hold production among its members at current levels. That is good news for oil importing nations and consumers and...
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Crude oil prices are rising sharply today following reports that Iran is preparing for naval maneuvers near the Strait of Hormuz, the 34-mile wide chokepoint leading to the Persian Gulf. WTI crude is...
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